Note 43 - Earnings per ECC

ECC owners share of profit have been calculated based on net profit allocated in accordance to the average number of certificates outstanding in the period. There is no option agreements in relation to the Equity Capital certificates, diluted net profit is therefore equivalent to Net profit per ECC.

(NOKm) 2023 2022
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  3,489 2,592
Allocated to ECC Owners 2)  2,331 1,658
Issues Equity Captial Certificates adjusted for own certificates 138,106,331 129,316,131
Earnings per Equity Captial Certificate 16.88 12.82
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1) Adjusted Net Profit  2023 2022
Net Profit for the group 3,688 2,785
adjusted for non-controlling interests share of net profit -74 -130
Adjusted for Tier 1 capital holders share of net profit -125 -63
Adjusted Net Profit 3,489 2,592
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2) Equity capital certificate ratio (parent bank) (NOKm) 31 Dec 2023 31 Dec 2022
ECC capital 2,884 2,597
Dividend equalisation reserve 8,482 7,877
Premium reserve 2,422 895
Unrealised gains reserve 71 45
Other equity capital - -
A. The equity capital certificate owners' capital 13,859 11,413
Ownerless capital 6,865 6,408
Unrealised gains reserve 35 25
Other equity capital - -
B. The saving bank reserve 6,900 6,433
To be disbursed from gift fund 860 474
Dividend declared 1,730 840
Equity ex. profit 23,350 19,161
Equity capital certificate ratio A/(A+B) 66.8 % 64.0 %
     
Equity capital certificate ratio for distribution 66.8 % 64.0 %
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Annual report and notes

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